Comments: The Estée Lauder Companies Inc. acquired Too Faced for a purchase price of approximately $1.45 billion in 2016. As a result, this is Too Faced’s last appearance in The Top 50. Launched in 1998 by cosmetics visionaries Jerrod Blandino and Jeremy Johnson, Too Faced is a fast-growing makeup brand with a strong millennial following. It has more than 7.6 million Instagram followers and is among the top eight makeup brands in the specialty-multi channel in the US.

“Too Faced is one of the most dynamic makeup brands in the world,” said Fabrizio Freda, president and chief executive officer of The Estée Lauder Companies. “It has tremendous growth momentum in specialty-multi and online—important, strategic and fast-growing channels. With Too Faced, we see terrific opportunity for additional value creation through expansion in new and existing markets both in the US and internationally, as well as in travel retail globally. Jeremy, Jerrod, Eric and the entire Too Faced team have built an amazing and innovative brand. We look forward to working with them to continue to build on the brand’s winning spirit.”